Dallas, Texas prices: $2.83 in 1973 $20.06 in 2024

Inflation in Texas

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Prices in Dallas, 1973-2024 ($2.83)

According to the U.S. Bureau of Labor Statistics, prices in Dallas-Fort Worth, Texas are 608.99% higher in 2024 versus 1973 (a $17.23 difference in value).

Between 1973 and 2024: Dallas experienced an average inflation rate of 3.92% per year. This rate of change indicates significant inflation. In other words, $2.83 in Dallas in the year 1973 would cost $20.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.88% during this same period, inflation in Dallas was higher.

In the year 1973: Pricing changed by 5.18%, which is above the average yearly change in Dallas during the 1973-2024 time period. Compared to inflation for all items in 1973 (6.18%), inflation in Dallas was lower.

Price Inflation in Dallas-Fort Worth, Texas since 1963

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (16.95%), 1979 (12.42%), and 1981 (11.74%).

View price changes for other categories
Rent of primary residence · Wireless telephone services · Public transportation · College tuition and fees · More

Buying power of $2.83 since 1973

Below are calculations of equivalent buying power in Dallas, over time, for $2.83 beginning in 1973. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1973$2.835.18%
1974$3.119.92%
1975$3.409.24%
1976$3.616.10%
1977$3.877.36%
1978$4.177.82%
1979$4.6912.42%
1980$5.4916.95%
1981$6.1311.74%
1982$6.506.04%
1983$6.743.66%
1984$7.064.70%
1985$7.323.75%
1986$7.451.75%
1987$7.632.49%
1988$7.862.91%
1989$8.092.99%
1990$8.464.52%
1991$8.854.68%
1992$9.072.42%
1993$9.292.50%
1994$9.562.83%
1995$9.812.61%
1996$10.072.74%
1997$10.251.78%
1998$10.401.42%
1999$10.692.82%
2000$11.144.20%
2001$11.533.53%
2002$11.691.36%
2003$11.942.11%
2004$12.101.33%
2005$12.493.23%
2006$12.883.12%
2007$13.071.50%
2008$13.674.58%
2009$13.58-0.66%
2010$13.660.59%
2011$14.073.03%
2012$14.372.10%
2013$14.631.81%
2014$14.801.19%
2015$14.73-0.50%
2016$14.931.40%
2017$15.312.55%
2018$15.772.94%
2019$16.102.10%
2020$16.200.62%
2021$17.015.03%
2022$18.518.83%
2023$19.495.27%
2024$20.062.96%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Dallas-Fort Worth, Texas:

Year19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI29.50029.53329.85030.88331.83333.15035.24237.43338.58339.70841.76745.90850.15053.20857.12561.59269.24280.97590.48395.95099.458104.133108.033109.925112.667115.942119.408124.808130.650133.817137.167141.042144.717148.675151.325153.467157.800164.433170.233172.550176.183178.533184.300190.050192.904201.730200.399201.579207.683212.041215.888218.451217.359220.408226.025232.676237.561239.035251.066273.224287.618296.121

Adjust Dallas prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1973 * 1973 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Dallas-Fort Worth, Texas was 41.767 in the year 1973 and 296.121 in 2024:

296.121 / 41.767 * $2.83 = $20.06

Therefore, according to U.S. Bureau of Labor Statistics, $2.83 in 1973 has the same "purchasing power" as $20.06 in 2024 (in the CPI category of Dallas-Fort Worth, Texas).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Dallas-Fort Worth, Texas in 1963. In addition to Dallas, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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